K-12 Tax & Spending Climate: The Lost Decade of the Middle Class

Marcus Pohlman>:

The study released last week by the Pew Research Center confirms a trend that political economists have been observing for years -- the middle class, the 50% of American households earning between $39,000 to $118,000, are now headed backward in income for the first time since the end of World War II.

The bedrock of a stable society is a large and healthy middle class. They not only do the bulk of the work and pay the lion's share of the taxes, but their level of affluence gives them a personal stake in the survival of existing political and economic orders.

Related: Madison School District 2012-2013 Budget Update; Reduced 3.47% Property Tax Increase due to Increased State Tax Dollar Spending.

Posted by Jim Zellmer at September 5, 2012 3:21 AM
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